Athira Sethu
Kochi, 18 March 2026
Tata Steel has announced that the company’s board has approved several key proposals, including the plan to merge Neelachal Ispat Nigam Ltd (NINL), a fully owned subsidiary of Tata Steel, with the company’s overseas arm, T Steel Holdings Pte Ltd (TSHP).
Tata Steel said that both Tata Steel and NINL are in the same kind of businesses, and the merger would create synergies that would be beneficial for the company. It would also be easier to manage the long products business if it were done through the merger, as it would provide opportunities to unlock more value for the shareholders of the company. It would also be easier to manage the structure of Tata Steel, as there would be fewer companies.
Tata Steel had acquired NINL in July 2022, when it had bought the company from government organizations for Rs 12,100 crores. NINL had an annual production capacity of 1 million tonnes per year. Tata Steel had also approved the plan to expand the operations of NINL in December 2022, as it had plans to expand the capacity of the company to 4.8 million tonnes per year by 2025.
In addition to this, Tata Steel’s board also decided to invest an amount of up to $2 billion (Rs 18,488 crore) in TSHP over several years, commencing from fiscal 2026-27. This investment will be used to support TSHP’s overseas business through spending on new projects, restructuring, and debt settlement.
In addition, Tata Steel’s board also decided to acquire an interest in Medica TS Hospital Private Limited, a subsidiary of Tata Steel. This hospital is located in the Kalinganagar Industrial Complex in Odisha and has 100 beds. Tata Steel has decided to pay Rs 1.49 crore for acquiring this hospital, and it will be a wholly owned subsidiary of Tata Steel after the acquisition, subject to approval.
These decisions of Tata Steel’s board reflect their constant endeavor to improve and expand their business both domestically and overseas.
Tata Steel was hovering around Rs 195 level (12.25 PM IST) at NSE on Wednesday.